Cognizant acquires privately-held Australian software company Odecee
12 Nov 2014
Cognizant Technology Solutions Corp today said that it has acquired privately-held Australian software company Odecee, a provider of digital solutions to enterprises in Australia and New Zealand, for an undisclosed sum.
This is Cognizant's fourth acquisition since the beginning of the year.
Founded in 2007, Odecee is a specialist in enterprise mobile, web and cloud services, including application development, performance management/engineering, DevOps and technology consulting.
Odecee has seen substantial growth having executed over 200 projects successfully and has received several industry acknowledgements, including the 2014 Australia Design Awards and BRW's Most Innovative Companies list.
Cognizant, based in New Jersey, which has most of its 187,400 employees in India, said that the acquisition will further strengthen its digital business transformation expertise and expands its portfolio of tools and services to help clients create digital enterprises that capitalize on new business models, drive innovative products and services.
"This strategic acquisition underscores our commitment to the local market and our focus on strengthening our digital capabilities," said John Burgin, regional head for Australia and New Zealand, Cognizant.
"As businesses become increasingly technology-intensive and physical processes get instrumented and digitized, our strong portfolio of services, coupled with our aggressive investments in social, mobile, analytics and cloud technologies, will help clients drive meaningful change and build ever more connected, collaborative, and real-time businesses," he added.
"This is a strategic step forward for us and opens up a significant growth opportunity for us across newer technologies and industries," said Con Mouzouris, co-founder and managing director of Odecee.
"Becoming a part of Cognizant will enable us to expand our capabilities, services and exposure, while ensuring the long-term vitality and sustainability of the business," he added.
